City BusinessNews Archives — Page 204 of 403

May 19, 2022 No Responses

ABP Loan: CBN To Clampdown On Defaulting Farmers

The Central Bank of Nigeria (CBN) has appealed to farmers who defaulted in paying back the loans obtained under the Anchor Borrowers’ Programme (ABP) to pay back. Mr Sadeeq Ajayi, in CBN Development Finance Office, made the appeal on Wednesday...

May 19, 2022 No Responses

Seplat Post $177m Pre-Tax Profit For 2021

Seplat Energy Plc has recorded a pre-tax profit of $177million for the year ended December 2021, amounting to 321 per cent higher than the $80 million recorded by the company, which is listed on the Nigerian Exchange and the London...

May 18, 2022 No Responses

Heirs Oil & Gas’ OML 17wins PFI Africa Deal Of The Year

Africa’s integrated energy company has been awarded the ‘Africa deal of the year 2021’byProject Finance International (PFI), following the $1.1 billion financing and acquisition of45% stake in OML 17 in 2021. The award ceremony which took placeon Monday,...

May 16, 2022 No Responses

NPA Boss: Automation Backbone Of Port Efficiency

The Managing Director, Nigerian Ports Authority (NPA), Mr Mohammed Bello-Koko, at the weekend identified automation as the backbone of ports efficiency. Bello-Koko who said this at a media chat with maritime journalists in Lagos noted that modern ports w...

May 14, 2022 No Responses

Shippers’ Council Partners NWUN, NARTO On Functional Ports’ Corridors

The Nigerian Shippers’ Council (NSC), the lead agency for Port Standing Task Team (PSTT) is to collaborate with the National Association of Road Transport Owners (NARTO) and Maritime Workers’ Union of Nigeria (MWUN) to clear the port corridors of extraneou...

May 13, 2022 No Responses

Again, Naira Depreciates Against Dollar

The Naira on Thursday depreciated further at the Investors and Exporters window, exchanging at N420 to the dollar, a 0.30 per cent depreciation, weaker than N418.75 traded on Wednesday. The open indicative rate closed at N416.50 to the dollar on...

May 12, 2022 No Responses

Airtel Africa Records 82% Profit Growth

Airtel Africa Plc.’s profit before tax grew by 82 per cent to 755 million dollars in the financial year ended March 31, compared to the corresponding period in 2021. The company stated in Lagos on Wednesday that the strong growth resulted...

May 11, 2022 No Responses

Mokelu Joins APC Presidential Race As 28th Aspirant

Chief Ikeobasi Mokelu, on Tuesday in Abuja, picked the All Progressives Congress (APC) Expression of Interest and Nomination forms to contest its 2023 presidential ticket with other aspirants. The News Agency of Nigeria (NAN) reports that Mokelu, who was the.....

May 7, 2022 No Responses

CSCS Grows Revenue by 39.2%, Pays N3.7Billion Dividends

In keeping to its commitment of ensuring strong and sustainable returns to its shareholders, the Board of Central Securities Clearing System (CSCS) Plc has proposed a total dividend of N3.7Billion to its shareholders, reinforcing the value accretion to its equ...

May 6, 2022 No Responses

AfDB Secures $15.6b For Lagos-Abidjan Highway Construction

The president, African Development Bank (AfDB), Dr Akinwumi Adesina says the bank has secured 15.6 billion dollars investment for the construction of the Lagos-Abidjan highway. Adesina tweeted this on his twitter handle @akin_adesina obtained by the News Agenc...

May 5, 2022 No Responses

Dangote Cement Ramps Up Production At Okpella Plant, Attains N105.9 b Profit In Q1

Dangote Cement Plc, has ramped up production at its newest plant, in Okpella, Edo State as its earnings per share rose by 16.8 per cent to N6.18 for the first quarter ended March 31, 2022. Chief Executive Officer, Dangote Cement,...

May 4, 2022 No Responses

Edo MSMEs Can’t Afford N40,000 Minimum Wage, Says BENCCIMA

Micro, Small and Medium Scale Enterprises (MSMEs) in Edo State will find it challenging to pay N40,000 minimum wage, the Benin Chamber of Commerce, Industry, Mines and Agriculture (BENCCIMA) has said. The State Governor, Godwin Obaseki on May ...

May 4, 2022 No Responses

5G Spectrum: NCC Issues Final Letters Of Licence Awards to MTN, Mafab Communications

The Nigerian Communications Commission (NCC) on Wednesday confirmed issuance of the final letters of award of the Fifth Generation (5G) Spectrum Licences to MTN and Mafab Communications, winners of the 3.5GHz spectrum auction conducted by the Commission on Mon...

May 3, 2022 No Responses

Late Ajimobi’s Son Declares Interest In Oyo Assembly Seat

Mr Idris Abiola-Ajimobi, son of the late Gov. Abiola Ajimobi of Oyo State, on Tuesday declared his interest to contest the Ibadan South-West State Constituency II seat on the platform of All Progressives Congress (APC) in 2023 elections. Abiola-Ajimobi made...